Klumi Ventures and DWF Labs Join Forces to Propel UAE’s Web3 Ecosystem

• The partnership intends to accelerate Web3 adoption and digital transformation in the UAE.
• The cooperation focuses on strategic advising, investor access, and market education.

Klumi Ventures, the first regulated Web3 Venture Capital and Fund Manager in Abu Dhabi has formed a strategic relationship with DWF Labs, a major Web3 investor and market maker. This collaboration intends to improve the existing solid Web3 framework in the UAE, in line with the Abu Dhabi Economic Vision 2030.

Klumi Ventures‘ regional expertise will be combined with DWF Labs’ vast market-making and investing experience. Together, they hope to accelerate digital transformation in the area by providing critical resources and strategic advice services to enterprises looking to expand into the UAE. This includes recommendations for go-to-market strategies, regulatory compliance, and business development.

Strategic Goals and Market Impact

Klumi Ventures and DWF Labs are committed to accelerating Web3 adoption in the MENA area. Beginning in 2024, they will undertake educational activities, including workshops in the UAE, to focus on tactics, networking, and the challenges of functioning in the local market. In addition, DWF Labs will provide Klumi Ventures’ portfolio firms with liquidity, financial resources, and customized OTC solutions for securely and effectively trading digital assets.

Klumi Ventures CEO and Founder Kristiina Lumeste stated her delight in supporting DWF Labs’ portfolio firms and contributing to the expansion of the UAE’s Web3 ecosystem. Andrei Grachev, Managing Partner at DWF Labs, stressed the partnership’s potential to accelerate digital transformation in the UAE, enabling both newcomers and established institutions to prosper in this dynamic environment.

In addition to strategically providing guidance and investments, the alliance plans to start educational programs in the UAE in 2024. These projects seek to provide participants with the information and tools they need to thrive in the Web3 ecosystem, with an emphasis on strategy, networking, legal and regulatory needs, and market problems.

This collaboration of Klumi Ventures and DWF Labsaims  to influence the future of Web3 in the UAE, strengthening the region’s position as a global blockchain hub and promoting its digital asset goals.